‘Attempted heist of $1 billion by unidentified hackers’ the shot rang out across the financial world which experienced first-hand the tremors of cybercrime. The yet to be identified hackers made off with $81 million and embroiled Rizal Commercial Banking Corporation (the bank used as a conduit for the heist), in penalties totaling 1P billion imposed
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Clari5 customer IndusInd Bank realized that fraud and revenue can be 2 sides of the same coin, and converted this into an opportunity. The genesis of this platform was laid when the bank recognized the importance of integrating insights from different delivery channels into a single platform. To enable real-time detection across different online channels
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While the generic benefits of Big Data Analytics are known, applying it in the context of banking for fraud prevention and cross-sell must be approached differently.
How can you make your bank’s customers control transactions on their accounts and use it as an effective fraud protection mechanism? Customer communication and preferences can be vital in detecting fraud early and costs far less. Consider the following scenarios: A customer is going on vacation to Switzerland for 2 weeks and he wants all
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Clari5 was a key sponsor of the Sri Lanka Association of Banking Sector Risk Professionals’ Risk Symposium 2017, held on 19 and 20 June, at Cinnamon Lakeside, Colombo. The theme of the event was ‘Risk Management for sustainable value creation’.
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